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Market exchange rates in China -- May 7

Xinhua, May 7, 2015 Adjust font size:

The following are the central parity rates of the Chinese currency renminbi, or the yuan, against 11 major currencies announced on Thursday by the China Foreign Exchange Trading System:

Currency Unit Central parity rate in yuan

U.S. dollar 100 611.13

Euro 100 694.26

Japanese yen 100 5.1337

Hong Kong dollar 100 78.836

British pound 100 933.39

Australian dollar 100 487.48

New Zealand dollar 100 458.97

Singapore dollar 100 463.00

Canadian dollar 100 507.41

Malaysian ringgit 57.483 100

Ruble 820.97 100

The central parity rate of the yuan against the U.S. dollar is based on a weighted average of prices offered by market makers before the opening of the interbank market each business day.

The central parity rates of the yuan against the Hong Kong dollar and Canadian dollar are based on the central parity rate of the yuan against the U.S. dollar and the exchange rates of the four currencies against the U.S. dollar at 9 a.m. in international foreign exchange markets on the same business day.

The central parity rates of the yuan against the euro, British pound, Japanese yen, Australian dollar, Singapore dollar, New Zealand dollar, Malaysian ringgit and ruble are based on the average prices offered by market makers before the opening of the interbank foreign exchange market. Endi